From version < 4.4 >
edited by Md. Touhidul Islam
on 2022/07/23 12:19
To version < 4.5 >
edited by Md. Touhidul Islam
on 2022/07/23 12:20
< >
Change comment: (Autosaved)

Summary

Details

Page properties
Content
... ... @@ -88,9 +88,26 @@
88 88  
89 89  [[image:market growth of cement industry.png||alt="market growth of cement industry"]]
90 90  
91 -Clinker is one of the most vital raw ingredients in the manufacture of cement. And limestone, the primary component in clinker production, cannot be sourced from Bangladesh. There are just two producers of clinker in Bangladesh at now, the first of which is the state-owned Chhatak Cement Factory Limited, which has a pretty small production capacity. The other is Lafarge Surma Cement Limited, which generates around 10 percent of Bangladesh's total clinker demand. Imports include hefty taxes, import duties, and foreign currency concerns. During the 2019-2020 fiscal year, cement businesses imported 18.6 million tonnes of raw materials. Once primarily dependent on China for raw materials, Bangladeshi manufacturers now import the majority of their supplies from Thailand, Vietnam, Malaysia, and Indonesia. Pandemic has halted the import which was the one of primary reasons of the fall. Cement market sales plummeted to 30% of their pre-Covid levels in April. In May and June, sales hit 40 percent and 50 percent of the pre-Covid level, respectively. Beyond the closure, COVID-19 may have a lasting effect on demand. In the next two to three years, demand may stagnate before increasing to pre-Covid levels.{{footnote}}https://www.lightcastlebd.com/insights/2020/10/bangladesh-cement-industry-optimistic-despite-challenges/{{/footnote}}
91 +Clinker is one of the most vital raw ingredients in the manufacture of cement. And limestone, the primary component in clinker production, cannot be sourced from Bangladesh. There are just two producers of clinker in Bangladesh at now, the first of which is the state-owned Chhatak Cement Factory Limited, which has a pretty small production capacity. The other is Lafarge Surma Cement Limited, which generates around 10 percent of Bangladesh's total clinker demand. Imports include hefty taxes, import duties, and foreign currency concerns. During the 2019-2020 fiscal year, cement businesses imported 18.6 million tonnes of raw materials. Once primarily dependent on China for raw materials, Bangladeshi manufacturers now import the majority of their supplies from Thailand, Vietnam, Malaysia, and Indonesia. Pandemic has halted the import which was the one of primary reasons of the fall. Cement market sales plummeted to 30% of their pre-Covid levels in April. In May and June, sales hit 40 percent and 50 percent of the pre-Covid level, respectively. Beyond the closure, COVID-19 may have a lasting effect on demand. In the next two to three years, demand may stagnate before increasing to pre-Covid levels.{{footnote}}https://www.lightcastlebd.com/insights/2020/10/bangladesh-cement-industry-optimistic-despite-challenges/{{/footnote}} The situation was exacerbated by the fact that the shutdown occurred during the peak demand months of March and April. Due to mandatory factory shutdowns, producers were unable to satisfy the peak demand.
92 92  
93 +Government mega-projects, with the exception of those of the highest importance, such as the Rooppur Nuclear Power Plant, were halted. These megaprojects account for 35% of the country's cement usage. Again, Currently, cement factories have a total yearly output capacity of 58 million tons, whereas the domestic market is just 33 million tons. This indicates that the cement sector has a 43 percent excess of production capacity relative to overall demand. Still many companies are investing to maximise the capacity due to the export opportunities. In the 2019-2020 fiscal year, exports decreased since ports were closed for the holidays, impeding trade. Even while this reduction may be seen as a one-time occurrence, there are more grounds to anticipate exports will shrink in the long term. The future potential for cement shipments to the northeastern states of India may be jeopardized by competition from Indian enterprises granted transit privileges. In addition, Bangladeshi cement exporters pay significant shipping expenses, which discourage exports.
93 93  
95 +Despite the disturbance created by the pandemic, the cement sector in Bangladesh has recovered and is positive about the future. The restart of government megaprojects and real estate operations boosted sales. As a consequence of increasing remittances and the return of expatriates with their funds, there has also been an increase in building in rural regions. All of these factors have contributed to the cement industry's V-shaped revival.
94 94  
97 +== CSR Activities ==
95 95  
99 +1. Provided 7 ventilators to Chattogram Maa O Shishu Hospital.
100 +1. Took the responsibly of its 2000 employees and provided them their job security as well as all other benefits.
101 +1. Provided safety equipment’s (Mask, PPE, Hand Gloves and Sanitizer) to the authority of Chittagong Customs and Narayanganj Police.
102 +1. Distributed emergency relief among the construction workers.
103 +1. Provided Safety equipment to our employees.
104 +1. Maintained Social distance at the work place.
105 +1. Provided ventilator to the Sylhet MAG Osmani medical College hospital.
106 +1. Always ensured medical services for all our staffs.
107 +1. Provided High flow nasal cannula to the Bangabandhu Sheikh Mujib Medical University Hospital
108 +
109 +
110 +
111 +
112 +
96 96  {{putFootnotes/}}
This site is funded and maintained by Fintel.io